QED Connect, Inc. Subsidiary Emerald Med Farms Continues Cultivating Marijuana Sector Legitimacy
04 Agosto 2014 - 11:30AM
InvestorsHub NewsWire
August 4, 2014 -
InvestorsHub NewsWire - On April 29th, QED Connect,
Inc. (OTC Pink:
QEDN) announced the acquisition of Emerald Med Farms, LLC. A
nearly 300 acre northern California based cultivator of medical
marijuana that intends to distribute their product through a
California approved cooperative of dispensaries. This should have
been big news in the marijuana sector but went virtually unnoticed
amidst a cyclical downtrend that began in April, and was further
exacerbated through May by SEC warnings of scam marijuana stocks,
ultimately leading to several companies having their trading
halted.
It didn’t take long for
QEDN management to realize they needed to do something unique to
send a message to the investing public that this wasn’t just a ploy
to dump shares on the market. In early June the company immediately
got current on their filings and announced a 40% reduction in their
authorized shares. They now boasted a very attractive share
structure of approximately 300 million shares outstanding, 200
million shares in the public float, and 600 million shares
authorized, down from their previous 1 billion authorized.
In addition to announcing they were current in their filings the
company went into further detail regarding their Emerald
acquisition. They explained that they already had a crop of
marijuana in development, which consisted of two strains, the OG
Kush and Sour Diesel strains, as well as providing some background
on their medicinal qualities. The June 4th announcement
certainly piqued the market’s interest and resulted in 13 million
shares traded on the day. This was some of the highest volume in
QEDN’s history, but still comparatively low. It seems that
prospective investors and critics alike were left with more
questions than answers. From the legalities of operating a
marijuana farm to whether any of it was even real. The company had
stated they expected their first harvest within 45 days of the June
4th PR and it seemed the public was willing to wait and
see if they could deliver.
Enter the Wolf OF Weed
Street. The social media phenom that focuses seemingly strictly on
marijuana and marijuana related companies. Love him or hate him,
the Wolf and his team take their due diligence to the level of
vetting respective companies up close and personal, usually
releasing their findings through pictures, videos, interviews, and
blogs. In mid July the Wolf announced that he would be visiting
Emerald Med Farms once the scheduling was ironed
out.
It currently remains
unclear whether Wolf, a team member, or both made the trip to
Emerald, but on August 1st, Wolf released pics on his
Twitter account. The first being a gentleman standing before what
appeared to be approximately 7 foot tall, heavily budding,
marijuana plants. Wolf later confirmed that the man was Emerald Med
Farm’s GM, Steve Amato. Additional close up photos were also posted
of different strains that appear to be in full bloom.
As it stands, QEDN’s Emerald Med Farms appears to have actual
marijuana and a lot of it. That’s more than can be said for almost
every other marijuana stock out there, some of which are trading at
10 times the market cap of QEDN. For that fact alone the company
seems severely undervalued as it has roughly traded between .01 and
.03 PPS over the past few months. The savvy marijuana investor may
be wise to accumulate shares in this price channel. As more and
more marijuana pretenders fall to the way side QEDN could be a
sleeping giant. After all, you can’t have a marijuana sector
without marijuana and QEDN seems to have the lion’s, or Wolf’s
share, if you prefer.
For more info on QED
Connect, Inc. and Emerald Med Farms, LLC see: www.qedconnect.com
www.emeraldmedfarms.com
Disclaimer:
The opinions expressed are the authors own and do
not constitute advice to buy or sell securities in the open
market.
Contact:
Matrix Investment Group
otcmatrix@gmail.com
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